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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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this is as bad as the original obama passing a $780 billion stimulus that nobody had read. or nancy pelosi saying you have to pass the bill to know what's in it. i don't think any republican ought to be touching this stuff. >> mr. speaker, hold on for a second. alley vels i velshi is with us. >> speaker, sorry to bother you while you're on vacation. listen, you called this an artificial creation of washington. you have actually suggested the many things that make up the fiscal cliff be divided up and tackles separately. i want you to listen to what president obama said earlier today and get your comment on it. let's listen to this. >> we're going to solve this problem instead in several steps. >> speaker gingrich, do you think this is the way to do it? we're at an impasse. are we going to do that? >> we're going to solve it in several steps. why aren't people trying to solve it a few hours before midnight on new year's eve? everybody knows you can retroactively -- the president could instruct the treasury tomorrow morning to hold all withholding rates at the current amount
this is as bad as the original obama passing a $780 billion stimulus that nobody had read. or nancy pelosi saying you have to pass the bill to know what's in it. i don't think any republican ought to be touching this stuff. >> mr. speaker, hold on for a second. alley vels i velshi is with us. >> speaker, sorry to bother you while you're on vacation. listen, you called this an artificial creation of washington. you have actually suggested the many things that make up the fiscal cliff...
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now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as amended has passed. >> reporter: the senate voted 89-8 to avoid tax hikes for 99% of all americans. >> this shouldn't be the model for how we do things around here. but i think we can say we've done some good for the country. >> reporter: if the bill eventually becomes law the bush era tax cuts will be permanently extended for everyone making less than $400,000 a year. and families making less than $450,000 a year. it will also keep the alternative minimum tax for the wealthy from hitting millions of middle class families. >> middle-class families will wake up today to the assurance th
now president obama is calling on the house to pass the bill without delay. the bill stops most of the tax hikes and spending cuts that were to kick in at midnight. sarah mergener is here with more. >> reporter: a deal now is on the books to avert some of the impact of the fiscal cliff which technically we have gone over. now it is up to the house. in the early morning hours of new year's day, the senate began voting on a bill to avoid the so-called fiscal cliff. >> the bill as...
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thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house of representatives and could come to a vote later today but it is far from certain that it will pass. president obama urged members to back the deal though it falls short of what he originally sought. >> my preference would have been to solve all of the problems in the context of a larger agreement, bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,000 while continuing tax breaks from businesses and extend unemployment benefits through 2013 an
thing to do for the country. >> senators passed the bill with 89-8. after months of wrangling, lawmakers ended their deadlock. >> i know i can speak for my conference when i say we don't think taxes should go up on anyone. but if we knew if we did nothing they would be going up on everyone. >> the bill heads to the republican controlled house of representatives and could come to a vote later today but it is far from certain that it will pass. president obama urged members to...
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which i would say should be exact replica that you pass obama cut, pure tax cut, as we went over the cliff. do it on income tax, capital gains. you are saying we'll introduce the cut thursday. clean bill. none of the other stuff in it, like the wind power credit and all of this other stimulus junk. that would be what theteams are demanding. give it to them on monday. -- thursday, it will be a pure tax cut. >> by the time you get there, you have a market retook whatever is happening in washington. the asian markets open in 15 minutes. tomorrow market reacting to the past couple of days. steve, what about the premise they don't go forward with amending it. they pass it. all democratic votes and 40, 50 republican votes. >> that is probably the most likely outcome at this point unless they get to 218. it doesn't make sense to do this. the time to have had the fight over the substance in my view was in the past. i don't understand why there wasn't more coordination between the leaders in the house and senate on the republican side to get away from this. if you want to distance yourself, t
which i would say should be exact replica that you pass obama cut, pure tax cut, as we went over the cliff. do it on income tax, capital gains. you are saying we'll introduce the cut thursday. clean bill. none of the other stuff in it, like the wind power credit and all of this other stimulus junk. that would be what theteams are demanding. give it to them on monday. -- thursday, it will be a pure tax cut. >> by the time you get there, you have a market retook whatever is happening in...
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all i'm saying is i think the case that we can make, barack obama's policies are passed, our expectations, our dreams for women, contrasted with the republican agenda as it has been and continues to be relative to women, i don't think it is a close call. >> okay. >> and i think women will make that judgment. >> let's get back to the economy for just a moment. a white house campaign staff member told me yesterday that 67% of the american people want the wealthy to pay more. do you believe that number? and do you think the people are with you on that? >> absolutely, look, i come from a wealthy state of little delaware, and got elected seven times in the state being a progressive. and i never once engaged in the so-called class war fare. because i found out, and you know as i do, wealthy people are just as patriotic as lower class and middle class people. >> you said they're ready to do more. >> i remember looking at a poll, we were trying to get the jobs bill passed. and we said in order to put 400,000 teachers and teachers aides, and firefighters and cops all you had to do was raise 5/10th
all i'm saying is i think the case that we can make, barack obama's policies are passed, our expectations, our dreams for women, contrasted with the republican agenda as it has been and continues to be relative to women, i don't think it is a close call. >> okay. >> and i think women will make that judgment. >> let's get back to the economy for just a moment. a white house campaign staff member told me yesterday that 67% of the american people want the wealthy to pay more. do...
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we're talking about the 2% payroll tax cut that was part of an obama stimulus that was passed two years ago and then extended for another year. in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report. >>> one major issue is the bill does not address is the debt ceiling. monday, the u.s. reached its legal borrowing limit and now the treasury department must work to buy time until the end of next month. the department will suspend some investments and benefit funds for federal workers. still, department will not be able to pay all of the nation's bills on time. this could set stage for another capitol hill battle as congress must vote to raise the debt ceiling. >> new this morning, gay marriage ceremonies are under way in maryland. same-sex couples have been able to get marriage licenses in the free state for about three weeks but the new law didn't go in
we're talking about the 2% payroll tax cut that was part of an obama stimulus that was passed two years ago and then extended for another year. in this deal, they're going to let that payroll tax cut expire and that will mean that an additional $20 a week out of most workers paychecks will now go back to the social security trust fund instead of into their pockets. juror all right. thank you -- >> all right. thank you for that report. >>> one major issue is the bill does not...
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in a race against the clock. >>> the senate passes a fiscal cliff bill. >> president obama says the agreement is the, quote, right thing to do for our country. but now the legislation moves to the house where its future is uncertain. fox's patty ann brown has the story. >> reporter: senate lawmaker voted overwhelmingly in favor of legislation to avert the fiscal cliff. >> the bill as amended is passed. >> reporter: vice president joe biden in a visit to the capitol monday night maybing the pact he negotiated with senate minority leader mitch mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predicts. >> having been in the senate as long as i have, there are two things you shouldn't do. you shouldn't predict how the senate is going to vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the how is going to vote. i feel very, very good. >> reporter: if passed by the house, the deal would stop most tax increases and spending cuts aimed at the pentagon and domestic programs that
in a race against the clock. >>> the senate passes a fiscal cliff bill. >> president obama says the agreement is the, quote, right thing to do for our country. but now the legislation moves to the house where its future is uncertain. fox's patty ann brown has the story. >> reporter: senate lawmaker voted overwhelmingly in favor of legislation to avert the fiscal cliff. >> the bill as amended is passed. >> reporter: vice president joe biden in a visit to the...
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. >> president obama encouraged the house to pass it right away. >> if there's even one second left before you have to do what you're supposed to do, they will use that last second. >>> it has not been a great start to the new year for hillary clinton. >> she's undergoing treatment for a blood clot in the head between the brain and the skull. >> she didn't have a stroke. she didn't have a seizure. the prognosis is excellent. >>> an estimated 1 million people in times square. >> revelers welcomed in the new year with celebrations around the world. around 100,000 people in hong kong. fireworks display over the skies of london. >> all that. >> i'm single, so let's get it on. >> there are so many people making out it's sloppy. >> who to you think would win in a fistfight. you or -- >> and all that matters. >> last night was the first new year's eve without the iconic countdown from dick clark. >> most people come and go. dick clark was here for generations. >> on "cbs this morning." >> somebody on twitter said there would be a drinking game every time i giggled nervously. >> make it better. br
. >> president obama encouraged the house to pass it right away. >> if there's even one second left before you have to do what you're supposed to do, they will use that last second. >>> it has not been a great start to the new year for hillary clinton. >> she's undergoing treatment for a blood clot in the head between the brain and the skull. >> she didn't have a stroke. she didn't have a seizure. the prognosis is excellent. >>> an estimated 1 million...
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today or tomorrow obama is live we nothing good we people with. and now let's take a look at how two thousand and twelve on the whole unfolded for america last year was a success for barack obama who secured his second u.s. presidency a washington correspondent says he not only succeeded in snatching victory from arch rival mitt romney but also votes from the third party candidates as well. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama the two thousand and eight euphoria was gone that's for sure back then there were these crowds you know in the streets all across the country shedding tears of joy so bad in their view where eight years of bush president obama was to get the savior and then he went and saved the banks saved the auto industry something he took a special pride in during the election campaign but across the country people remained o
today or tomorrow obama is live we nothing good we people with. and now let's take a look at how two thousand and twelve on the whole unfolded for america last year was a success for barack obama who secured his second u.s. presidency a washington correspondent says he not only succeeded in snatching victory from arch rival mitt romney but also votes from the third party candidates as well. there were cheers of relief here when he won i would say because the alternative was thought to be so...
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president obama asking the house to pass it without delay. nancy cordes is on capitol hill this morning. good morning to you. >> reporter: good morning, terrell. technically we did go over the fiscal cliff at midnight this morning, but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned, voted overwhelmingly around 2:00 in the morning by a vote of 89-8, almost all democrats and republicans voting yes on a deal that would make permanent the bush era tax cuts for people earning up to $400,000 a year and couples earning up to $450,000 a year. this was a deal that was worked out by vice president biden and senate leaders. the house speaker hasn't said that the house will definitely vote in favor of it today, but democrats at least are saying they expect almost all of their members to vote yes. terrell. >> nancy cordes on capitol hill. thank you so much. >>> secretary of state hillary clinton spent new year's eve in the hospital being treated for a blood clot in her skull. margaret brenn
president obama asking the house to pass it without delay. nancy cordes is on capitol hill this morning. good morning to you. >> reporter: good morning, terrell. technically we did go over the fiscal cliff at midnight this morning, but that is likely to be temporary if the house votes in favor of that bill later today. the senate as you mentioned, voted overwhelmingly around 2:00 in the morning by a vote of 89-8, almost all democrats and republicans voting yes on a deal that would make...
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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obama wants to make a major priority in the second term, he will probably be a central figure. sort of a democratic ambassador to gun owners. >> 38-year-old mayor of san antonio. >> julian castro. gave an electrifying speech at the repconvention and could runr state wide senate or governor in texas and that would obviously be a big deal since he's a democrat. but a lot of people think that state may be a blue state pretty soon. >> and everybody's favorite mayor, cory booker. >> he said he will explore senate election in 2013. and he will be doing a lot in the next year to kin of make his star rise even more in that state. he will probably pursue education reforl, budgetary reform, and keep an eye out for him. >> why should we look out for the newly elected liberal hero elizabeth warren. >> will probably use her perch on the senate banking committee to take the fight to wall street in a way a lot of democrats haven't and see her become a liberal hero and a bogey man for those on the right. >> some of these names are names we've heard before, and some are new names. it shows -- i
obama wants to make a major priority in the second term, he will probably be a central figure. sort of a democratic ambassador to gun owners. >> 38-year-old mayor of san antonio. >> julian castro. gave an electrifying speech at the repconvention and could runr state wide senate or governor in texas and that would obviously be a big deal since he's a democrat. but a lot of people think that state may be a blue state pretty soon. >> and everybody's favorite mayor, cory booker....
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so president obama's team run by the brilliant david axlerod won the fourth quarter big. they could point at voters who might support them and get them out on election day. the romney campaign made local appearances, saying the same thing over and over and over. early on election night when trends began to appear i said this, the changing country, the demographics are changing it's not a traditional america anymore and there are 50% of the voting public who want stuff. they want things. and who is going to give them things? president obama. he knows it, and he ran on it. >> bill: now, that's the truth. and there's no denying the statistics in exit polling. however some liberal americans were outraged that i would actually say the truth and i'll tell yu ou why in a moment. and eight days after, mitt romney held a conference with his donors and say pretty much what i said. >> and what president obama did was focus on members in his base coalition and give them extraordinary financial gifts from the government and then work very aggressively to turn them out to vote. >> bill
so president obama's team run by the brilliant david axlerod won the fourth quarter big. they could point at voters who might support them and get them out on election day. the romney campaign made local appearances, saying the same thing over and over and over. early on election night when trends began to appear i said this, the changing country, the demographics are changing it's not a traditional america anymore and there are 50% of the voting public who want stuff. they want things. and who...
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guest: the obama administration has passed 17 small business tax cuts at this point. a lot of them are very wealthy companies that are not small businesses. i think the record has shown that he has negotiated with this congress. many think too much. he has cut in the steel and wanted $1.2 trillion and is walking out with $600 billion. host: a democratic caller from florida, pete. caller: i do not know why everybody is so gloom. the owners in this country should be happy. you still keep your tax cut. you know these people, bain capital, mitt. are loaded with accounts they do not pay taxes on. the country has lost jobs. apple computer does not pay taxes. they are laughing. people that lost their jobs are held hostage. a ceo knows darn well, i'm going to make my profits and so the bottom line to my shareholders is a home run. i stood in line for mr. obama to vote for him. i'm kind of disappointed. he should show those eight senators that voted against this to ask them why. they bring a bunch of millionaire senators saying why we have to sacrifice and laughter the poor an
guest: the obama administration has passed 17 small business tax cuts at this point. a lot of them are very wealthy companies that are not small businesses. i think the record has shown that he has negotiated with this congress. many think too much. he has cut in the steel and wanted $1.2 trillion and is walking out with $600 billion. host: a democratic caller from florida, pete. caller: i do not know why everybody is so gloom. the owners in this country should be happy. you still keep your tax...
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the country and encouraged the house to pass the bill right away. abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to city hall at the stroke of midnight. today is a big day as same sex marriage can officially happen in the state. sherrie johnson is live downtown where couples were lined up to say their i dos it was a big morning for many. >> reporter: that's right. a little after midnight 7 same sex couples gathered right here in downtown baltimore at city hall to say their eye dos. this is definitely a historic day for maryland. the couples waited patiently at city hall to say their vows. baltimore mayor stephanie rawlings-blake hosted some of the marriages for same sex couples and perform the
the country and encouraged the house to pass the bill right away. abc news, washington. >>> medicare reimbursement could take a hit if the fiscal cliff is not averted. reimbursements to doctors will be cut by nearly 30% beginning today because congress may have failed to make the adjustments for medicare payments. it could mean more doctors refewing to treat medicare patients. >>> 2013 will be remembered as landmark year for same sex couples and many couldn't wait to get to...
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president obama call would the bill right for the country. number four, fourth anniversary of the shooting death of oscar grant. he was shot by a b.a.r.t. police officer in a ruckus gathering. the officer was convicted of manslaughter and sentenced to two years in prison. number 5, floats are ready and the fans are lining the streets. that is in a few hours from now. pasadena smelled like roses when the parade got under way. keep an eye out for the kids in blue. and stanford takes on wisconsin for football action. going for the rose bowl. good morning america is coming up next . 8:00 rose parade kicks off and you can watch it here on abc 7 . mike shuman is in pasadena for the rose bowl. you can see the report later today on abc sen. knowing him, he will have a great time. weather for the game. >> lots of sunshine and maybe a passing cloud or two. >> and for us. >> thanks. it is pair the air and there could be poor air quality in the north bay. traveling today. light rain in the santa cruz mountains and most of the states will be dry. in fact
president obama call would the bill right for the country. number four, fourth anniversary of the shooting death of oscar grant. he was shot by a b.a.r.t. police officer in a ruckus gathering. the officer was convicted of manslaughter and sentenced to two years in prison. number 5, floats are ready and the fans are lining the streets. that is in a few hours from now. pasadena smelled like roses when the parade got under way. keep an eye out for the kids in blue. and stanford takes on wisconsin...
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i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to you. >>> let's talk about hillary clinton's health crisis. it has the secretary of state in the hospital this holiday. >> there are new details from doctors about the blood clot that was found near clinton's brain. abc's wendy gillette has the latest from new york. >> reporter: hillary clinton's doctors found it between the brain and the skull. >> it could cause a stroke. her doctors say she has no sign of that. >> reporter: they say it did not result in a stroke or neurological damage. she's being treated with blood thinners to help dissolve the clot and the secretary of state is expected to make a full recovery. the doctors add she is in good spirits making excellent progress. clinton's medical problems began after she finished a grueling trip to europe. she developed a st
i feel very, very good. >> reporter: president obama called the senate vote the right thing to do for the country and he encouraged the house to pass it right away. >> all right, abc's tahman bradley reporting from washington. thanks. have a very happy new year. we know you're going to be today, tahman. >> same to you. >>> let's talk about hillary clinton's health crisis. it has the secretary of state in the hospital this holiday. >> there are new details from...
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guest: the obama administration has passed 17 small business tax cuts at this point. a lot of them are very wealthy companies that are not small businesses. i think the record has shown that he has negotiated with this congress. many think too much. he has cut in the steel and wanted $1.2 trillion and is walking out with $600 billion. host: a democratic caller from florida, pete. caller: i do not know why everybody is so gloom. the owners in this country should be happy. you still keep your tax cut. you know these people, bain capital, mitt. are loaded with accounts they do not pay taxes on. the country has lost jobs. apple computer does not pay taxes. they are laughing. people that lost their jobs are held hostage. and ceo knows darn well, i'm going to make my profits and so the bottom line to my shareholders is a home run. i stood in line for mr. obama to vote for him. i'm kind of disappointed. he should show those eight senators that voted against this to ask them why. they bring a bunch of millionaire senators saying why we have to sacrifice and laughter the poor
guest: the obama administration has passed 17 small business tax cuts at this point. a lot of them are very wealthy companies that are not small businesses. i think the record has shown that he has negotiated with this congress. many think too much. he has cut in the steel and wanted $1.2 trillion and is walking out with $600 billion. host: a democratic caller from florida, pete. caller: i do not know why everybody is so gloom. the owners in this country should be happy. you still keep your tax...
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so we expect the american people deserve an up or down vote on what was passed in the senate. >> this is drama. unnecessary drama. and president obama bears the responsible for his failure to lead and his intentional effort it appears to mislead the american public with this cynical bill. >> so it's not a perfect package. but it is something that gets us by while we tackle the larger issues in the next congress. i pray god that next congress is more willing to compromise than this. >> democrats in the house met with vice president joe biden today. he's urging their support for the deal passed by the senate. the holdup on the other side seems to be a desire for much more in the way of federal spending cuts. it's still a game of wait and see with severe consequences for most americans. being staying on top of the hill and have the very latest for you tonight on the 10:00 news. >> all right. let's join fox 5 political analyst to get more insight on this. mark, how is the president i guess going to claim total victory if in fact he's raising tax rates on the rich but ultimately going up.
so we expect the american people deserve an up or down vote on what was passed in the senate. >> this is drama. unnecessary drama. and president obama bears the responsible for his failure to lead and his intentional effort it appears to mislead the american public with this cynical bill. >> so it's not a perfect package. but it is something that gets us by while we tackle the larger issues in the next congress. i pray god that next congress is more willing to compromise than this....
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president obama issuing a statement this morning saying, juliet? >> while neither democrats nor republicans got everyone they wanted, this agreement is the right thing to do with our country and the house should pass it without delay. is the house likely going to pass it without delay, or pass it period? the chief congressional correspondent for the "washington examiner" joins us now. good morning, my dear. thank you very much for waking up early today. we especially appreciate it today. let's get right to it. what do you think is going to happen with the house? >> they'll gavel in today and they'll discuss the deal. and i think what it will boil down to is a deal that attracts a lot of democrats and some republicans. they need at least two dozen republicans, maybe more, depending on whether they lose a few democrats who don't like that higher tax threshold passed last night in the senate. it's going to be a matter of whether or not these republicans find enough attractive elements in this deal. and they might. they might like the higher tax thresh
president obama issuing a statement this morning saying, juliet? >> while neither democrats nor republicans got everyone they wanted, this agreement is the right thing to do with our country and the house should pass it without delay. is the house likely going to pass it without delay, or pass it period? the chief congressional correspondent for the "washington examiner" joins us now. good morning, my dear. thank you very much for waking up early today. we especially appreciate...
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any race against the clock, the senate has passed a bill to avoid the fiscal cliff. >> president obama says the green is the, quote, right thing to do for our country. the legislation now moves to the house where its future is unknown. fox's patty ann brown has the story. >> reporter: senate lawmaker voted overwhelmingly in favor of legislation to avert the fiscal cliff. >> the bill as amended is passed. >> vice president joe biden in a visit to the capitol monday night explaining the pact he northed with senate minority leader mitch mcconnell. prior to the vote, the vice president said he felt confident about the deal but stayed away from making any predictions. >> having been in the senate along as i have, there are two things you shouldn't do. you shouldn't predict how the senate will vote before they vote. you won't make a lot of money. and number two, you surely shouldn't predict how the house is going to vote. >> reporter: if passed by the house, it would stop many of the spending cuts. >> middle class families will wake up today to at assurance that their taxes won't go up. >> r
any race against the clock, the senate has passed a bill to avoid the fiscal cliff. >> president obama says the green is the, quote, right thing to do for our country. the legislation now moves to the house where its future is unknown. fox's patty ann brown has the story. >> reporter: senate lawmaker voted overwhelmingly in favor of legislation to avert the fiscal cliff. >> the bill as amended is passed. >> vice president joe biden in a visit to the capitol monday night...
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president obama of course encouraging lawmakers to quote, pass it without delay. senior white house foreign affairs correspondent wendell goler is live at the white house this morning with the very latest. wendell, a whole lot is happening right now. what does the white house expect the house to do today? >> reporter: it is unclear, heather. as you point out the vice president just arrived at the capital to rally democrats to support the compromise measure that senate passed last night. he wouldn't predict how the house will vote. house republicans will not decide to vote until after they studied bill. it doesn't contain any significant spending cuts and that will make it a tough sell to house republicans. yesterday the president aimed to put some pressure on them in an appearance that showcased middle class americans who would be hit by a tax hike. mr. obama said, he would have prefered a bigger deal that included spending cuts. >> a grand bargain, whatever want to call it, that solves our deficit problems in a balanced and responsible way, that just doesn't deal
president obama of course encouraging lawmakers to quote, pass it without delay. senior white house foreign affairs correspondent wendell goler is live at the white house this morning with the very latest. wendell, a whole lot is happening right now. what does the white house expect the house to do today? >> reporter: it is unclear, heather. as you point out the vice president just arrived at the capital to rally democrats to support the compromise measure that senate passed last night....
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. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. that would add additional hundreds of billions of dollars to deficit reduction. so that is progress. but we will need to do more. >> but no one is claiming the bill is perfect. the sticking point is what to do about cuts in major government departments. the problem has been put off for now. on the taxation side, the president got nearly everything he wanted with republicans agreeing to raise taxes on the wealthiest and extend unemployment benefits. the major public holiday of new year's day means global stock markets are shocked on tuesday and that give these them -- and that gives them more time. the u.s. politician
. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. that...
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could impose on the american people simply by not passing this legislation, taking that off the table. the republicans in no way have said that they're happy with the higher rates that obama's pushing for on small businesses and a lot of individual americans. so we can come back and relitigate the other down the road, but right now, we've made permanent a set of tax cuts that up until now were temporary. remember, all of the democrats, almost all of the democrats voted against the bush tax cuts to begin with. >> i get it, but that's not the pledge says. the pledge says you won't vote for tax increases. >> right, and what they're voting for is to continue lower tax rates. they're not -- if nothing happens, taxes go up $500 billion. >> okay. >> it's not as if nothing happens, taxes wouldn't go up. let's raise taxes. we're in an odd situation because -- it won't repeat because the taxes are being made permanent. the good news is we're never going to have this question raised again, these taxes are being made permanent. the alternative minimum tax, the protection against the alternative m
could impose on the american people simply by not passing this legislation, taking that off the table. the republicans in no way have said that they're happy with the higher rates that obama's pushing for on small businesses and a lot of individual americans. so we can come back and relitigate the other down the road, but right now, we've made permanent a set of tax cuts that up until now were temporary. remember, all of the democrats, almost all of the democrats voted against the bush tax cuts...
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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the bill passed the senate yesterday, and is now awaiting president obama's signature, senators barbara boxer and dianne feinstein sponsored the bill. the federal designation would likely bring a tourism boost. >>> the california supreme court ruled that people who get hurt on bumper cars and rough rides assume some risk when they decide to go on the ride. the ruling stemmed from a lawsuit brought by a san jose woman who fractured a wrist riding on a right at great america. >>> good evening to you. freezing temperatures returning to the bay area late tonight. looking at stormtracker 2 over the last several hours, we watched high clouds move through the bay area, now to the south of us, we're dealing with partly cloudy skies. outside our doors right now, widespread mid-30s, to low 40s. already cooling off. if this is just the beginning of your evening, 37 in santa rosa at midnight. 44 san francisco, where the fireworks will be going on. 38 in concord. 38degrees expected livermore now, with the partly cloudy skies, the calm conditions, we will be cooling off once again, back to 31 degrees
the bill passed the senate yesterday, and is now awaiting president obama's signature, senators barbara boxer and dianne feinstein sponsored the bill. the federal designation would likely bring a tourism boost. >>> the california supreme court ruled that people who get hurt on bumper cars and rough rides assume some risk when they decide to go on the ride. the ruling stemmed from a lawsuit brought by a san jose woman who fractured a wrist riding on a right at great america....
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the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside thfinancial markets are talking about. if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. here's a brief explanation. it's a term used to refer to the economic fallout that might occur because of policy divisions in the u.s. congress. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with hu
the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside thfinancial markets are talking about. if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines...
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the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside the financial markets are talking about. if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. here's a brief explanation. it's a term used to refer to the economic fallout that might occur because of policy divisions in the u.s. congress. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with
the democrat led senate is expected to pass the bill on new year's eve. the republican led house says it will not vote on the bill before the midnight deadline. members of congress are expected to work on a stop gap measure to prevent any serious fiscal impact. the fiscal cliff has become a term many people even outside the financial markets are talking about. if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making...
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last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the blame. i have another question to ask. obama asked for complete congressional powers about being able to pull up and give any amount of money that he wanted, taking those powers away from the house. i think that is completely ludicrous. as far as the last caller asking out the democrats and republicans, that me see, if the democrats put a bill together and the republicans don't vote for it, they are mad at it, but if the republicans put a bill and let's say cave to the democrats, there is no bipartisan. i have never seen the democrats actually cave and take care of the fiscal cliff in the amount of debt that we have is completely crazy to me. >> that is marked in north carolina. back to the tweets. pea
last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the blame. i have another question to ask. obama asked for complete congressional powers about being able to pull up and give any amount of money that he...
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the bill passed the senate yesterday, and is now awaiting president obama's signature, senators barbara boxer and dianne feinstein sponsored the bill. the federal designation would likely bring a tourism boost. >>> the california supreme court ruled that people who get hurt on bumper cars and rough rides assume some risk when they decide to go on the ride. the ruling stemmed from a lawsuit brought by a san jose woman who fractured a wrist riding on a right at great america. >>> good evening to you. freezing temperatures returning to the bay area late tonight. looking at stormtracker 2 over the last several hours, we watched high clouds move through the bay area, now to the south of us, we're dealing with partly cloudy skies. outside our doors right now, widespread mid-30s, to low 40s. already cooling off. if this is just the beginning of your evening, 37 in santa rosa at midnight. 44 san francisco, where the fireworks will be going on. 38 in concord. 38degrees expected livermore now, with the partly cloudy skies, the calm conditions, we will be cooling off once again, back to 31 degrees
the bill passed the senate yesterday, and is now awaiting president obama's signature, senators barbara boxer and dianne feinstein sponsored the bill. the federal designation would likely bring a tourism boost. >>> the california supreme court ruled that people who get hurt on bumper cars and rough rides assume some risk when they decide to go on the ride. the ruling stemmed from a lawsuit brought by a san jose woman who fractured a wrist riding on a right at great america....
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with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff.
with just hours to go a deal emerges to avert the fiscal cliff, but can congress pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might...
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obama's signature. barbara boxer an dianne feinstein sponsored the bill. the monuments receive less funding and afford fewer protections to wildlife than national parks. >>> a rough start to the new year at point reyes national seashore, where a road is closed. a large gap opened up on limentour road. a culvert under the road failed. the closure is affecting access to the beach, sky and coast trailheads and the point reyes hostile but all park facilities and trams remain -- and trails and remains -- remains closed. >>> if you are a pg&e customer you will see changes in your bill this month. starting today, electric bills are going up about 2%. gas rates, they are going down, almost 6%. however, those lower gas prices, they won't last long. next month, pg&e will raise gas rates about 2%. that will help pay for pipeline safety upgray. they were mandated by state regulators after the deadly 2010 pipeline explosion in san bruno. >>> well -- well, san francisco's tree recycling program begin tomorrow. if you
obama's signature. barbara boxer an dianne feinstein sponsored the bill. the monuments receive less funding and afford fewer protections to wildlife than national parks. >>> a rough start to the new year at point reyes national seashore, where a road is closed. a large gap opened up on limentour road. a culvert under the road failed. the closure is affecting access to the beach, sky and coast trailheads and the point reyes hostile but all park facilities and trams remain -- and trails...
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president obama announced that no one got everything they wanted and wants the house to pass it. >> we find ourself with a bill that does not reflect financial wisdom but the spirit that per veighs this town. the time to confront this is not now but later, we'll do the right thing then. >> some republicans are suggesting amending the bill that the senate passed and adding spending cuts in that bill. this will have to happen by noon thursday when this congress ends and the new one is sworn in or the whole thing starts over again. the sequestration cuts take effect as the tax cuts -- in fact, they have already taken effect. >> thank you. so what do americans think of the job that congress is doing to solve this fiscal crisis? agoal goal went out to find out. >> they don't think much of what is going on in the building behind me. we crossed the river into virginia and the fact that the fiscal cliff deal is still not done comes to no surprise from everyone you're about to hear from. we traveled to the north side social in arlington with one goal. we asked people for one word to describe co
president obama announced that no one got everything they wanted and wants the house to pass it. >> we find ourself with a bill that does not reflect financial wisdom but the spirit that per veighs this town. the time to confront this is not now but later, we'll do the right thing then. >> some republicans are suggesting amending the bill that the senate passed and adding spending cuts in that bill. this will have to happen by noon thursday when this congress ends and the new one is...
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of course president obama wants the house to take this up right away. he says while neither democrats nor republicans got everything they wanted this agreement is the right thing to do for our country and the house should pass it without delay. this does, though, john, come down to rank and file republicans. they've proven the hardest to please here. and so they may not just take up the bill. they could amend the bill, change it more to their liking, and send it back to the senate. that's one possibility. and we don't know exactly which direction house republicans are going to choose. but the bottom line is, is house speaker john boehner who determines what goes to the house floor. >> and of course the last time he went to his caucus and said hey, guys, it didn't work out so well for him. but this is different, brianna, largely because he doesn't need every one of his republican votes on this. they need to cobble together a group of republicans and a group of democrats to get this passed, correct? >> that's right. and this is different for a couple of r
of course president obama wants the house to take this up right away. he says while neither democrats nor republicans got everything they wanted this agreement is the right thing to do for our country and the house should pass it without delay. this does, though, john, come down to rank and file republicans. they've proven the hardest to please here. and so they may not just take up the bill. they could amend the bill, change it more to their liking, and send it back to the senate. that's one...
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you had a feeling president obama was reaching almost to that point. i still think at that memorial service, it wasn't the night for anger, the night for con sulation. but anger should probably come forward for public officials in weeks ahead. there's room for it in public life because it also moneylizes people as sorrow and good words do. >> no doubt about it. there's nothing wrong with and nothing more powerful than righteous anger when used at appropriate times. i would say certainly in a movie used at an appropriate time as it was in lincoln's life. if this is not the appropriate time for politicians to be righteous in their anger at the state of things, i don't know when is. if not now when? >> doris kearns goodwin, thank you so much. you will also be in our next segment. >> that's exciting. >> a videotape. >>> and doris and jon meacham and the civil war in pennsylvania. next on "morning joe." >> announcer: did you know there are secret black market websites around the world that sell stolen identities? >> 30-year-old american man, excellent credi
you had a feeling president obama was reaching almost to that point. i still think at that memorial service, it wasn't the night for anger, the night for con sulation. but anger should probably come forward for public officials in weeks ahead. there's room for it in public life because it also moneylizes people as sorrow and good words do. >> no doubt about it. there's nothing wrong with and nothing more powerful than righteous anger when used at appropriate times. i would say certainly...
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that's $200,000 higher than the threshold president barack obama originally proposed. that is the senate deal postponed by two months, the spending cuts that are scheduled to start on january 1st. the senate passed the bill on two tuesday, two hours after the december 31st deadline. members of the republican-led house of representatives will vote on the bill on tuesday. lawmakers are expected to work on a stopgap measure to ensure the impact of the suspended tax cuts is minimal. >>> doctors treating hillary clinton say they have found a blood clot between her brain and skull. but they say she is making an excellent recovery. staff at a hospital in new york issued a statement on monday, a day after clinton arrived for treatment. last month, doctors diagnosed her with a concussion after a stomach virus caused her to become dehydrated and faint. she had been resting at home since then. medical personnel say an mri revealed a clot in a vein between clinton's right here but they say she did not suffer a stroke or any neurological damage. they say she is in good spirits and
that's $200,000 higher than the threshold president barack obama originally proposed. that is the senate deal postponed by two months, the spending cuts that are scheduled to start on january 1st. the senate passed the bill on two tuesday, two hours after the december 31st deadline. members of the republican-led house of representatives will vote on the bill on tuesday. lawmakers are expected to work on a stopgap measure to ensure the impact of the suspended tax cuts is minimal. >>>...
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owe b president obama was talking about letting that cut to lapse. it raises income tax for people of all levels on the social security tax to 6.2 percent which adds up to a lot of money for a family. that's a big tax increase. >> the payroll tax holiday is going to effect folks. this is a dedicated tax that goes to fund social security. when they took the 2 percent out of social security we were funding the program through deficit spending. you probably shouldn't be continuing this temporary program for another year when social security has plenty of fiscal challenge of its own. >> you sport that move to let that lapse? >> i think it's a good policy to let the tax holiday expire. >> the tax stays for 400 for individuals 450 for households. it goes 20 percent above that threshold. there are people who say eerie time we raise that capitol gains tax total revenues for capitol gains go down because people cut back investments which hurts the entire economy. what say you? >> this is about the art of compromise. when congress waits until the last minute t
owe b president obama was talking about letting that cut to lapse. it raises income tax for people of all levels on the social security tax to 6.2 percent which adds up to a lot of money for a family. that's a big tax increase. >> the payroll tax holiday is going to effect folks. this is a dedicated tax that goes to fund social security. when they took the 2 percent out of social security we were funding the program through deficit spending. you probably shouldn't be continuing this...
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the senate passes a bill to 89-8 vote. ppesident n "the right thing to doofor our country" as patti ann browne reports... now the legislation moves on to the house where it's future remains uncertain. (pkg) senate lawmakers voted overwhelmingly in avor of leggslatn to avert the fissal cliif.. vicee president joe biden in a vvsit toothe capitol monday pnghtt..explaining the pact he pegotiated with senate minority leader mitcc mcconnnll. prior to thhe he felt confident about the d - deaa but stayed aaay from making any firm predictions. vice president biden "...having been in the sennte as long as i have, there's two things you ssouldn't do: you &psenate's oing to vote before lot of money. and number two: you surely shouldn't redict how the house is goong to vote. but i ffellvery, very good..." i passed by theehouse, the deal would sttp mostttax increasee and spending cuts aimed at the pentagon andddomestic reid / (d-nv)"...i've said all along the ost important priority is to protect middle class families. this class familie
the senate passes a bill to 89-8 vote. ppesident n "the right thing to doofor our country" as patti ann browne reports... now the legislation moves on to the house where it's future remains uncertain. (pkg) senate lawmakers voted overwhelmingly in avor of leggslatn to avert the fissal cliif.. vicee president joe biden in a vvsit toothe capitol monday pnghtt..explaining the pact he pegotiated with senate minority leader mitcc mcconnnll. prior to thhe he felt confident about the d -...
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waiting a lot is no question republicans in twenty some odd states i think have now passed laws saying that if you have a felony on your record you can never vote again ok why not say if you are a corporation and you have a felony on your record you cannot do business with the government there is not one defense contractor senator sanders said this to me on the radio show today and i'm pretty sure he would it would be sanded on in front of three million people the fact checkers now one major defense contractor that has not been convicted of a felony. why don't we just say if you're convicted of a felony you can't do business with the government i think that's kind of. and it's kind of crazy to make a law that you know deliberately will will basically mean you can't do it can't having guns anymore and you can't have manufacturing of tanks and planes you know you know if if if lockheed went out of business tomorrow you don't think that you would mark and a half a dozen other guys who got some money could get together and start actually a group of absolutely great i wouldn't bailed out g.
waiting a lot is no question republicans in twenty some odd states i think have now passed laws saying that if you have a felony on your record you can never vote again ok why not say if you are a corporation and you have a felony on your record you cannot do business with the government there is not one defense contractor senator sanders said this to me on the radio show today and i'm pretty sure he would it would be sanded on in front of three million people the fact checkers now one major...
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tougher. >> the fact that we're not where we need to on this is disgusting. >> reporter: president obama said he want taxes and spending cuts at the same time. >> but with this congress that was a little too much to hope for at this time. >> reporter: house speaker john boehner has not publicly endorsed the deal. tara mergener for cbs news, washington. >> now, the house is set to reconvene today at 9 a.m. pacific time. a house vote is expected today or tomorrow. >>> what a night. no fog this year, perfectly clear last night for fireworks along the waterfront here in san francisco. it's beautiful out there. a lot of people showed up for the 15-minute display and jammed the streets near the bob barker. when it was all over, i think most of them are still out there, it was crowded getting into work today but there was some violence during the new year's celebration here in the city. cbs 5 reporter cate caugiran is in san francisco with the problems police had with the new year's crowd and has the latest. >> reporter: good morning. happy new year. san francisco police had their hands full be
tougher. >> the fact that we're not where we need to on this is disgusting. >> reporter: president obama said he want taxes and spending cuts at the same time. >> but with this congress that was a little too much to hope for at this time. >> reporter: house speaker john boehner has not publicly endorsed the deal. tara mergener for cbs news, washington. >> now, the house is set to reconvene today at 9 a.m. pacific time. a house vote is expected today or tomorrow....
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. >> reporter: now the big new year's test, can it pass in the house? for "good morning america," jonathan karl, abc news, washington. >>> president obama says the agreement reached by the senate is the, quote, right thing to do for our country and is encouraging the house to pass it without delay. >>> secretary of state hillary clinton is spending this new year's day in a new york hospital where she is being treated for a blood clot near her brain. doctors are using blood thinners to try to break up the clot which was found more than two weeks after clinton fainted and suffered a concussion. while the clot could have been serious, even fatal, doctors say she's expected to make a full recovery. >>> in california, a big new year's eve fireworks show in sacramento was called off at the last minute because of a deadly shooting. two people were killed and three others injured in a gunfight outside a restaurant and police decided to call off the nearby celebration that was expected to draw 40,000 people. >>> but here in new york city, the big apple, things w
. >> reporter: now the big new year's test, can it pass in the house? for "good morning america," jonathan karl, abc news, washington. >>> president obama says the agreement reached by the senate is the, quote, right thing to do for our country and is encouraging the house to pass it without delay. >>> secretary of state hillary clinton is spending this new year's day in a new york hospital where she is being treated for a blood clot near her brain. doctors are...